Examlex
The length of a rectangle is decreasing at the rate of 1 foot per second, but the area remains constant. How fast is the rectangle's width increasing when its length is 10 feet and its width is 5 feet?
Supply
The total amount of a specific good or service that is available to consumers in a market at a given time and price.
Equilibrium Price
The price at which the quantity of a good or service demanded equals the quantity supplied, leading to a state of market balance.
Demand
The quantity of a good or service that consumers are willing and able to purchase at various prices.
Supply
The total amount of a good or service available for purchase by consumers at a given price level and time.
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